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Bahrain's Investcorp set to close first Indian acquisition deal

Investcorp announces the launch of its operations in India with the imminent completion of its first deal

This transaction will mark Investcorp’s entry into India.

By Sam Bridge

Wed 30 Jan 2019 03:07 PM

Bahrain-based Investcorp has announced the launch of its operations in India with the imminent completion of its first deal.

The investment firm said it is set to close the acquisition of the private equity and real estate investment management businesses of IDFC Alternatives Limited, a subsidiary of IDFC Limited, a company listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited.

The acquisition, which has already received the required regulatory approvals from the Securities and Exchange Board of India, is expected to close on Thursday.

This transaction will mark Investcorp’s entry into India and is in line with the firm’s long-term strategy of expanding its investment footprint and client franchise globally, the company said in a statement.

"Our first direct investment into the Indian market is a major milestone for our business, which also marks our focused expansion into Asia," said Mohammed Alardhi, executive chairman of Investcorp.

"IDFC is a well-recognised brand and a fantastic addition to Investcorp’s portfolio from an investor perspective. This acquisition will be instrumental in our plans to grow our investments into the country as part of our wider Asia strategy."

"We are entering the Indian market at an important time in its growth trajectory," added Rishi Kapoor, co-CEO of Investcorp. "Rising incomes, strong growth and stable policies including reforms like the national Goods and Services tax regime make India particularly attractive for investment. We see great potential for the Indian market and have ambitious plans for the years ahead."